MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011
Green Car Congress
JULY 17, 2012
in 2010 and 2011, respectively. To illustrate this point, we take the same empirical models in Du and Hayes (2011) and Du and Hayes (2012) and use them to “explain” variables that have no material relationship to US ethanol production: the US price of natural gas and unemployment rates in the US and the European Union.
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